Deutsche Börse has expanded its market data offering by providing historical foreign exchange (FX) data from its FX trading platform 360T through its Data Shop.
The Data Shop gives market participants the ability to access historical data from the Historical Data Feed (HDF) which was designed to meet the high demand from participants within the FX industry.
The 360T platform provides all spot and swap market data through the HDF which can then be used for several different purposes including transaction cost analysis, identifying long-term trends and correlations, and back-testing pricing models.
The Essential Data Feed (EDF) captured within the HDF provides the streaming spot market data reference, delivering both the calculated mid and bid/ask for all supported currency pairs. It is sourced from 360T’s global execution platform, Hypersonic, which provides a snapshot of market conditions.
“The launch of the first FX offering marks a milestone in the ongoing expansion of Deutsche Börse Market Data + Services into the FX business. By providing access to 360T’s historical data through our well-established Data Shop platform, we provide the best of our respective expertise,” said Alireza Dorfard, head of data services at Deutsche Börse.
The 360T/DIGITEC Swaps Data Feed (SDF) contains the swaps market data, with over 20 FX banks contributing.
“At 360T we have always been big believers in promoting data transparency. Our SDF is a market leading innovation and the HDF is a natural evolution in our data offering. Making this historical data available for immediate access via the Deutsche Börse Data Shop is just another example of 360T innovating, giving FX industry participants the opportunity to easily access high quality market data,” said Simon Jones, chief growth officer at 360T.